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What Are THEY ON?! George SOROS and New York’s RICHEST Ask State for HIGHER TAXES

Eighty of New York’s elite wealthiest, wrote and signed a letter to the state, asking them to raise taxes on the rich, including themselves. While the rest of America can barely make ends meet between all the city and state taxes they are charged.

Eighty people including George Soros, Steven Rockefeller and Abigail Disney wrote a letter to Governor Cuomo and other state officials explaining that they would rather pay more taxes, but fund the city’s liberal schools, liberal bridges, and liberal parks.

“Now is the time to invest in the long-term economic viability of New York,” the letter reads. “We need to invest in pathways out of poverty and up the economic ladder for all of our fellow citizens, including strong public education from pre-K to college. And, we need to invest in the fragile bridges, tunnels, waterlines, public buildings, and roads that we all depend on.”

Some of the wealthiest New Yorkers are asking the state to raise their taxes.

Eighty people including George Soros, Steven Rockefeller and Abigail Disney wrote to lawmakers and Democratic Gov. Andrew Cuomo saying they and other top earners should pay more to support schools, roads, bridges and programs to help poor and homeless residents of the state.

“Now is the time to invest in the long-term economic viability of New York,” the letter reads. “We need to invest in pathways out of poverty and up the economic ladder for all of our fellow citizens, including strong public education from pre-K to college. And, we need to invest in the fragile bridges, tunnels, waterlines, public buildings, and roads that we all depend on.”

The letter, a copy of which was obtained by the Associated Press, endorses a plan that would create new, higher income tax brackets for top earners to raise a projected $2 billion.

Many of those signing the letter are millionaires and all make more than $650,000, making them members of the state’s top 1 percent when it comes to income.

The proposal is being pushed by the Fiscal Policy Institute, a liberal-leaning economic think tank.

Ron Deutsch, the Fiscal Policy Institute’s executive director, said it was “refreshing” that so many of the state’s richest residents are willing to contribute more.

Their proposal faces significant political obstacles in the state Legislature. While the Democratic majority in the Assembly has its own plan to increase taxes on millionaires, the Republican-led Senate opposes the idea. Lawmakers are now negotiating the details of the state budget and hope to have a deal in place by April 1.

“They support higher taxes on themselves so the state can fund our glaring human and physical infrastructure needs and have adequate revenue in place to handle pending federal cuts,” he said.